Late last month, attorney Gregory Brassfield asked for a hearing in US District Court in New York to discuss his client\u2019s restitution. In September 2017, months after he received his prison sentence, US District Judge P. Kevin Castel imposed a $25.4 million fine, which coincided with the amount prosecutors proved Walters made from illegal trades of stock in Dean Foods.<\/p>\n
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In the request, Brassfield noted that Walters, the federal government, and Dean Foods have different opinions regarding the amount of restitution available. The interpretations vary on the Mandatory Victims Restitution Act, since a Supreme Court ruling two years ago narrowed the scope of the law. The attorney also said the district court ruling may affect other litigation between Walters and Dean Foods, which filed for Chapter 11 reorganization in US Bankruptcy Court last year.<\/p>\n<\/div>\n
\u201cWe believe a hearing to explain Mr. Walters\u2019 position in detail is appropriate and would benefit the Court\u2019s analysis,\u201d Brassfield wrote. \u201cWe have consulted with the Government, which takes no position regarding our request for a hearing.\u201d<\/p>\n
Oral arguments in the matter are scheduled via teleconference for June 1.<\/p>\n","protected":false},"excerpt":{"rendered":"
In his first public statement since being moved to home confinement late last week, Billy Walters said on Tuesday he wanted to thank those who offered their support. The remarks came after he left a federal prison in Florida. Walters still must serve the remainder of the five-year prison sentence he received after being convicted […]<\/p>\n","protected":false},"author":45,"featured_media":134953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"acf":[],"yoast_head":"\n
Billy Walters 'Extremely Grateful' to be Home After Feds Amend Sentence<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n